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inside the beltway, the media keeps pushing the president on debt and deficits. i'd like to know also, i don't you think of the fundamental issues confronting this country, but on the gun issue, why wasn't there a single question about the 15-year-old chicago girl, hadiya pendleton, who marched in the parade in the inauguration and was gunned down, the 42nd victim of gun violence in chicago in january? that might be relevant to the issue of how do you stop trafficking of illegal weapons and relevant to the actual policy debates under way in this country. >> richard, why does inside the beltway media have a propensity to just focus on things that people don't care about? >> look, i've been part of that press corps. i was there actually at the time in the run-up to the war in iraq, and, by the way, there were people asking those questions, but as a pack, as a pack mentality, this is a game. look, the war in iraq was serious. don't get me wrong. but we're talking about kids in america who were killed and how to respond to that. and so, you know, the disjoint between
inside the beltway, the media keeps pushing the president on debt and deficits. i'd like to know also, i don't you think of the fundamental issues confronting this country, but on the gun issue, why wasn't there a single question about the 15-year-old chicago girl, hadiya pendleton, who marched in the parade in the inauguration and was gunned down, the 42nd victim of gun violence in chicago in january? that might be relevant to the issue of how do you stop trafficking of illegal weapons and...
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you see this regarding eric cantor, who is giving a much-hyped speech regarding the deficit and towards a broader and more inclusive role they can play. he says mr. cantor can apply the existing gop policies. so that, i think at this point in time is a great question for the republican party at least right now. can their response to the 2012 election be to just change the tenor and temperature of their approach to politics rather than the actually policies. can they just stop primarying guys like dick luger without changing the approach to say, inequality. that is the message, changing your hope is different than changing your policies. it is great to have you both here, thank you for joining us. >> great to be here. >> molly, so can they? do they need to do more, need to sort of go back and look at policies or can you actually get pretty far just by changing the way your party acts in public? >> i think the answer is yes. they have to do both. and first of all the republicans find themselves in a situation that the democrats found themselves in maybe a decade ago, where they are on the
you see this regarding eric cantor, who is giving a much-hyped speech regarding the deficit and towards a broader and more inclusive role they can play. he says mr. cantor can apply the existing gop policies. so that, i think at this point in time is a great question for the republican party at least right now. can their response to the 2012 election be to just change the tenor and temperature of their approach to politics rather than the actually policies. can they just stop primarying guys...
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his party, focusing on issues like education and health care and spend less time talking about the deficit. >> really? oh, yes. eric cantor to the rescue. he is ready to save the republican image and put a stop to the electoral college losses, right? of course, this is not the first time eric cantor has tried to save the party. you see, it actually is the fourth attempt that he has had. in 2009, cantor held a pizza party, remember that? with jeb bush and mitt romney by launching the national council for a new america that didn't work. a year later, cantor was back at it. he was one of the young guns ready to take the republican party by storm. >> there is a better way, and a new team is ready to bring america back. eric cantor, kevin mccarthy, paul ryan joined by common-sense conservative candidates from across the country. together, they are ready to make history. together they are the young guns. >> the good old days. in 2011, cantor launched the you cut program. he wanted to get the public to vote on weekly cuts to federal government. another year, another failure. so today cantor launc
his party, focusing on issues like education and health care and spend less time talking about the deficit. >> really? oh, yes. eric cantor to the rescue. he is ready to save the republican image and put a stop to the electoral college losses, right? of course, this is not the first time eric cantor has tried to save the party. you see, it actually is the fourth attempt that he has had. in 2009, cantor held a pizza party, remember that? with jeb bush and mitt romney by launching the...
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he wants to do some long-term spending reduction on the de deficit. republicans say don't trust him. i don't think republicans will be swayed by the cbo report. they have what they see as a mandate from voters, cut spending. >> let me bring in congressman john yarmuth. what would you like to see? >> i think some of the spending you mentioned could be very youthful. some of the farm subsidies that are unjustified. i'd like to consider a securities transaction pack, the so called wall street packs that can raise tens of billions of dollars. and we can do some cutting, but in that cbo report that you mentioned, it also said that the kind of austerity program which the sequester would represent would be damaging to the recovery, would hurt gdp, and, of course, that's in line with what most economists believe. i think we've got to be very careful when we just say we've got a cut, without regard to the impact of those cuts, both on the economy and on some very important programs. >> you know what the republicans' answer to that is. they say one of the conce
he wants to do some long-term spending reduction on the de deficit. republicans say don't trust him. i don't think republicans will be swayed by the cbo report. they have what they see as a mandate from voters, cut spending. >> let me bring in congressman john yarmuth. what would you like to see? >> i think some of the spending you mentioned could be very youthful. some of the farm subsidies that are unjustified. i'd like to consider a securities transaction pack, the so called wall...
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we believe there is a better way to reduce the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year. that's compared to $1.1 trillion short fall. the outlook predicts the improvements will not last. it warns that an aging population will drive up retirement spending and rising interest rates will put the debt at unsustainable level it's current laws remain in place, debt by 2023 will equal 77% of gross domestic product. that is roughly double the 39% average seen over the past 40 years. >>> coming off the republicans' bruising defeat, eric cantor is looking to rebrand his party n a speech at a d.c. think tank, he moved away from his combative tone expressing a need to work on issues with president obama impor
we believe there is a better way to reduce the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year....
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it doesn't meet the entire deficit, if you will. they're losing $16 billion a year, and this is important. you've got to understand why they're losing it. the biggest reason they're losing so much money is because they, unlike any other government entity, they are forced to pay in advance for the retirement medical benefits of their retirees even before they retire. so as a result, that huge chunk of cash that they have to set aside is costing them a fortune and it is a huge drag on the postal service. second to that, yes, all of us are using e-mail and paying our bills online. and therefore first class mail has dropped off a cliff. however, package delivery has increased dramatically because you and i are shopping online and all of those packages are sent to our homes. so that's been up 14% over two years. so in the view of many, this is the postal service trying to force the hand of congress. congress has had this on their agenda for years and has failed to act, even though the postal service year after year after year comes out a
it doesn't meet the entire deficit, if you will. they're losing $16 billion a year, and this is important. you've got to understand why they're losing it. the biggest reason they're losing so much money is because they, unlike any other government entity, they are forced to pay in advance for the retirement medical benefits of their retirees even before they retire. so as a result, that huge chunk of cash that they have to set aside is costing them a fortune and it is a huge drag on the postal...
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for instance, deficits are decreasing. however, all i ever hear from republicans is the president needs to get serious. from speaker john boehner. that's the best impersonation i can give you. >> it's not bad. >> wasn't very good, nothing personal. >> but dana, is that it? >> well, that was a little raspy, your john boehner. but i think you've captured the sentiment, more or less correctly. and yes, the cbo report shows that the deficit is shrinking. but it is also showing the efforts to shrink the deficit have taken away from growth and the economy. you can't have one of these things without the other. now, i think there's a fallacy in the first question you posed to jared. that is that republicans would be very upset if there were a double-dip recession in a political sense as rush limbaugh and others have stated, they may be in a stronger position if the economy goes back into recession. then the president and his majority party will be less powerful. so they actually have a political incentive. >> hang on a second, dan
for instance, deficits are decreasing. however, all i ever hear from republicans is the president needs to get serious. from speaker john boehner. that's the best impersonation i can give you. >> it's not bad. >> wasn't very good, nothing personal. >> but dana, is that it? >> well, that was a little raspy, your john boehner. but i think you've captured the sentiment, more or less correctly. and yes, the cbo report shows that the deficit is shrinking. but it is also...
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. >> goals in manufacturing, energy, education, national security and the deficit. real achievable plans that will lead to new jobs. >> top republicans including senator mcconnell already critical of the speech. >> i strongly suspect the white house will subject us to yet another campaign blitz. frankly, i could write the scripts myself and will be told the president's hands are tied by the sequester he proposed, signed and refuses to get rid of. >> we learned the president will make a major announcement of afghanistan announcing that 34,000 u.s. troops will return home from the region exactly one year from today. that's about half the troops there now. joining us now, maryland congressman chris van hollen, ranking member of the house budget committee. thank you for joining us. >> great to be with you, tamron. >> first, what are the expectations for the president tonight? >> well, i think as you said the president's going to lay out his plan for xik growth, for job creation but focusing on the fact it is not good enough just to have economic growth for the folks alr
. >> goals in manufacturing, energy, education, national security and the deficit. real achievable plans that will lead to new jobs. >> top republicans including senator mcconnell already critical of the speech. >> i strongly suspect the white house will subject us to yet another campaign blitz. frankly, i could write the scripts myself and will be told the president's hands are tied by the sequester he proposed, signed and refuses to get rid of. >> we learned the...
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. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big spending cuts. >> right. >> it was a deficit reduction package that worked. they continued to do more deficit reducing package with newt gingrich on the spending side throughout the decade and we're on our way to a surplus. >> that's right. i've been calling it the undecade, the 1990s has been written out of their record. they would have you believe that it was always the way it was under reagan and then bush. >> why don't they just say, leave off the clinton tax increase, which helped a lot, and just claim they did it for spending cuts? >> because if they do, if they admit that something nice happened in the '90
. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big...
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how do you square pro growth with cuts deficits now? that is the problem that republicans couldn't get their arms around in the last election, let's see if rubio can do it now. >> and let's see if he can come up with something new. >> big government, i think we've heard it. >>> coming up, the latest on the roadblocks against the violence against women act. karen finney will join us. keep tweeting your answers, coming up. why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. did you know not all fiber is the same? citrucel is different- it's the only fiber for regularity that won't cause excess gas. it's gentle and clinically proven to help restore and maintain regularity. look for citrucel today. it's gentle and clinically pryou know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment
how do you square pro growth with cuts deficits now? that is the problem that republicans couldn't get their arms around in the last election, let's see if rubio can do it now. >> and let's see if he can come up with something new. >> big government, i think we've heard it. >>> coming up, the latest on the roadblocks against the violence against women act. karen finney will join us. keep tweeting your answers, coming up. why turbo? trust us. it's just better to be in front....
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and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and entertainment deduction to 25%. you can't write off the whole dinner anymore. it ends fossil fuel subsidies for oil companies that are raking in massive profits. exxonmobil, you know what their profit was? $44 billion in 2012. the last thing they need right now is your tax dollars as subsidy. the balancing act also closes other pointless loopholes the rich take advantage of. we should point out mitt romney ran on a similar tax plan. his former running mate paul ryan should love the balancing act because it reduces the deficit. everyone inside the beltway considers mr. ryan just a very serious person. but here is how paul ryan wants to reduce the deficit, with nothing but cuts. and here is the balanced approach from the progressive caucus. you know, when we need budget advice in the future, i think we should kind of push paul ryan of
and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and entertainment deduction to 25%. you can't write off the whole dinner anymore. it ends fossil fuel subsidies for oil companies that are raking in massive profits. exxonmobil, you know what their profit was? $44 billion in 2012. the last thing they need right now is your tax dollars as...
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reducing the deficit is important to all americans. how specifically will he get tonight to talk to what cuts need to be made? >> i think he will make at least three points. we have as ugly as it has been, we have cut the deficit and the majority of that has been through spending cuts. there have been rev you ins on the top 1%. he will make clear we need to go further to get the deficit reduction that we need to do and he will make a call for bipartisanship and compromise. he will be clear we need to do smart entitlement reform and having sensible savings. he will stress it has to be done in a balanced way that means you could raise some revenues through closing loopholes as part of tax reform and try to suggest that this type of bipartisan compromise where you focus on both spending cuts and revenues together. if we follow that path we can avoid the harsh impacts on the economy and shut down and threats of default that we think will only happen if people take an ideological position and say we can't have a single penny and all deficit
reducing the deficit is important to all americans. how specifically will he get tonight to talk to what cuts need to be made? >> i think he will make at least three points. we have as ugly as it has been, we have cut the deficit and the majority of that has been through spending cuts. there have been rev you ins on the top 1%. he will make clear we need to go further to get the deficit reduction that we need to do and he will make a call for bipartisanship and compromise. he will be...
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this deficit is a real problem. this is where i depart from paul. who am i to depart from paul? a nobel laureate. >> we'll ask him. >> this is about the best deal we'll get out of the right-winged crazy people in the house. >> because it's balanced and -- >> it doesn't really touch -- there's no better deal progressives are going to get out of this other than going over the cliff. >> i'm so worried about austerity and -- >> europeans did it wrong. we had throw years of recovery relative to europe. if we're ever going to take the hit this is a better time to take t if this were three years ago, i would be arguing right with you. i think we can take a chance. when are we going to get the chance to take these cuts in the pentagon or take a bite out of the deficit? i think it's worth it. >> now twittering dean quester. >> if he would stop blaming someone else other than himself and man up and take responsibility. >> kris hayes, i'm sure your guests will have much more explaining on kicking the can down the road. >> thank you. >>> ousted fox news contributor says he's on a mission fo
this deficit is a real problem. this is where i depart from paul. who am i to depart from paul? a nobel laureate. >> we'll ask him. >> this is about the best deal we'll get out of the right-winged crazy people in the house. >> because it's balanced and -- >> it doesn't really touch -- there's no better deal progressives are going to get out of this other than going over the cliff. >> i'm so worried about austerity and -- >> europeans did it wrong. we had...
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how do you square pro growth with cuts deficits now? that is the problem that republicans couldn't get their arms around in the last election, let's see if rubio can do it now. >> and let's see if he can come up with something new. >> big government, i think we've heard it. >>> coming up, the latest on the roadblocks against the violence against women act. karen finney will join us. keep tweeting your answers, coming up. male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or a
how do you square pro growth with cuts deficits now? that is the problem that republicans couldn't get their arms around in the last election, let's see if rubio can do it now. >> and let's see if he can come up with something new. >> big government, i think we've heard it. >>> coming up, the latest on the roadblocks against the violence against women act. karen finney will join us. keep tweeting your answers, coming up. male announcer ] citi turns 200 this year. in that...
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nothing i'm proposing tonight should increase our deficit by a single dime. it's a smarter government we need that sets priorities and invests in broad based growth. interesting statement, krystal. >> absolutely. republicans try to caricature him as a big government liberal who's never seen a government program that he doesn't like, who's going to spind us into the ditch. he's going to turn us into greece. the facts and the record say things that are different. since january it's been quite a while. i think it was january 2008 we actually had a surplus. this january he has been slowing the growth of government spending. it has been a priority for him. but obviously because of the economic realities, we had to invest in the country in an immediate way to get us back on track. so making that case reminding voters that he has been a responsible hand on the tiller when it comes to balancing the budget and keeping those policies in mind is important too. >> richard, i want to bring this up because i want to bring this up. >> do it. >> when we've talked about the 1
nothing i'm proposing tonight should increase our deficit by a single dime. it's a smarter government we need that sets priorities and invests in broad based growth. interesting statement, krystal. >> absolutely. republicans try to caricature him as a big government liberal who's never seen a government program that he doesn't like, who's going to spind us into the ditch. he's going to turn us into greece. the facts and the record say things that are different. since january it's been...
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it will not add a dime to the deficit. >> and what about cutting the deficit? jean spurling told joe scarborough that the president knows that he has to propose something. he has to make some proposals on entitlements. is he going to be that specific tonight? >> well, he has a specific -- we have a proposal that is on the table from the fiscal talks that we had with congress that has spending cuts that does do some entitlement reforms as well as raising revenue by closing loopholes to the -- that's still very much on the table. the president thinks, well, we think creating jobs -- he definitely thinks he is committed to deficit reduction and thinks that this is a drag on the economy too. if we don't deal with it and he is very committed to wanting to do it. we need a partner as some people like to say in december, and so we need a congress that's willing to work with us, but we do think that while congress is working on the larger piece that they should turn off the sequester for a few months, whatever time is needed in order to work on this bigger project, and
it will not add a dime to the deficit. >> and what about cutting the deficit? jean spurling told joe scarborough that the president knows that he has to propose something. he has to make some proposals on entitlements. is he going to be that specific tonight? >> well, he has a specific -- we have a proposal that is on the table from the fiscal talks that we had with congress that has spending cuts that does do some entitlement reforms as well as raising revenue by closing loopholes...
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we're running trillion-dollar deficits. my goodness. >> i'm fwlad to hear you say that you're open to cuts, more nondiscretionary cuts because both sides always go to the discretionary domestic spending because those are the quote, quo easy cuts. is that your position? >> very much so. look, we've got an entitlement crisis. and that's where the real money is. you know, we're going to have to reform those programs or we're going to lose them. and i don't want to lose social security or medicare or medicaid, but they've got to change dramatically. we tried to do that in the ryan budget last year. i think we'll see us even more aggressive this year. that's where we've got to go. we're not going to lose these cuts. they're in law. the same way the president enjoyed the advantage in the fiscal cliff negotiations, the tax increases were in law and the best we could do was negotiate and save as many of the bush tax cuts as we could. now, you know, these cuts are in law. so they're going to occur, and he should sit down with us and
we're running trillion-dollar deficits. my goodness. >> i'm fwlad to hear you say that you're open to cuts, more nondiscretionary cuts because both sides always go to the discretionary domestic spending because those are the quote, quo easy cuts. is that your position? >> very much so. look, we've got an entitlement crisis. and that's where the real money is. you know, we're going to have to reform those programs or we're going to lose them. and i don't want to lose social security...
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the economy, jobs, and the budget deficit are at the top of the list for budget concerns. legal immigration and strengthening gun laws ranks 17th and 18th respectively. the new strategy may reflect a decision to strike while republicans are on their heels and plagued by internal conflict. for the third year in a row, the gop will not present a unified front in their response to the state of the union. in 2011 when the republican party chose paul ryan to give its official response, the tea party issued its own rebuttal. >> instead of cutting, we saw an unprecedented explosion of government spending and debt. it was unlike anything we've ever seen before in the history of the country. >> last year a gop response by mitch daniels had competition from the herminator. >> in a word i heard the speech, and it came across as a hodge podge of little ideas. >> this year senator marco rubio will deliver the republican response, while rubio was once the standard bearer for the tea party, the group is still opting for its own rival rebuttal from the man who said this after the past ele
the economy, jobs, and the budget deficit are at the top of the list for budget concerns. legal immigration and strengthening gun laws ranks 17th and 18th respectively. the new strategy may reflect a decision to strike while republicans are on their heels and plagued by internal conflict. for the third year in a row, the gop will not present a unified front in their response to the state of the union. in 2011 when the republican party chose paul ryan to give its official response, the tea party...
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the quinn pillian poll asking in his address, 35% say the economy. 20% want to hear about the federal deficit. 15% want to hear about gun policy. 12% interested in health care. my political power panel joins my about more about this. doug is a democrat tick strat jill. hogan go aheadly is a republican strategist. great to see all three of you. let's figure out exactly what's going on with the president and establishing the state of union, as we look at those numbers, ruth. the economy has certainly been something we talked about for a long time. the sequester is looming. how much does the president go after his adremember sears tomorrow night. >> well, i guess the storm is stay tuned. i'm a bit confused about the white house's approach to the speech. we do have -- -- a huge issue for every american in the inaugural. now we hear the economy is going to be back here a lot, but -- and we know what the president's approach is, especially to the sequester that we need to have a builded approach. and so, therefore, by definition in a sense it's got to be confrontational, because that is not the vie
the quinn pillian poll asking in his address, 35% say the economy. 20% want to hear about the federal deficit. 15% want to hear about gun policy. 12% interested in health care. my political power panel joins my about more about this. doug is a democrat tick strat jill. hogan go aheadly is a republican strategist. great to see all three of you. let's figure out exactly what's going on with the president and establishing the state of union, as we look at those numbers, ruth. the economy has...
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i think for republicans they can't be the party of bob dole caring only about the deficit. they have to care about practical -- the reason you're so upset is you know it was a good speech. >> he went over to the aei, the number one war center, this is totally neocon. your thoughts. this is hopeless. i thought he'd admit the truth here today. >> it was a bit jarring to hear some of that coming from eric cantor who has been a warrior. >> hasn't he been the guy standing behind boehner's back waiting to trip him over because he's been too moderate? >> no question. he's been standing off center stage waiting for his opportunity to become speaker. i thought that there was a lot of practicality in the speech but i didn't think there were really big ideas. i think -- >> it was like sundries and notions in a drugstore. little items, like telling colleges they got to tell people what employment prospects there are for english majors. what's that about? cantor -- let's take a look. he took a approach that the university education should be more like a vocational school, a tech school,
i think for republicans they can't be the party of bob dole caring only about the deficit. they have to care about practical -- the reason you're so upset is you know it was a good speech. >> he went over to the aei, the number one war center, this is totally neocon. your thoughts. this is hopeless. i thought he'd admit the truth here today. >> it was a bit jarring to hear some of that coming from eric cantor who has been a warrior. >> hasn't he been the guy standing behind...
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it means that we're going to talk about, yes, deficits and taxes and sequesters and potential government shutdowns and debt ceilings. we'll talk about that stuff. all from the perspective of how are we making sure that somebody who works hard in this country, a cop or a teacher, or a construction worker or a receptionist, that they can make it if they work hard. and that their kids can make it. and dream even bigger dreams than they have achieved. and obviously, a lot of what we'll be working on michellely over the next few weeks is going to be on how do we deal with the sequester issue, and i just want to make this quick point. i had a press conference this week in which i reiterated i am prepared, eager, and anxious to do a big deal, a big package that ends this governance by crisis for every two weeks or every two months or every six months. we are threatening this hard won recovery where finally housing is starting to pick up and commercial real estate is starting to do better and the unemployment numbers are still too high, but we're seeing some job growth and businesses are investi
it means that we're going to talk about, yes, deficits and taxes and sequesters and potential government shutdowns and debt ceilings. we'll talk about that stuff. all from the perspective of how are we making sure that somebody who works hard in this country, a cop or a teacher, or a construction worker or a receptionist, that they can make it if they work hard. and that their kids can make it. and dream even bigger dreams than they have achieved. and obviously, a lot of what we'll be working...
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Feb 11, 2013
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the economy, which people cite as their top concern, well ahead of other leading issues such as the deficit, guns, or health care. the white house has certainly gotten the message on jobs and isn't waiting until tomorrow night to start getting its message out before the inevitable republican attacks start raining down. take a listen. >> you will hear in the president's state of the union an outline from him for his plan to create jobs and grow the middle class. the middle class is the engine that drives this country forward and which will, if it is given the right tools and the right opportunities, will drive us forward in the 21st century. >> let's get to our guest, democratic strategist bob shrum, and karen finney. the president is expected to use the speech as a way to frame the debate over the so-called sequester which would mean $85 billion in cuts that republicans claim are entirely his fault. take a listen to this. >> you know, the president, he's the one who proposed the sequester in the first place. >> it's what president obama proposed in 2011. >> it is inevitable quite frankly. n
the economy, which people cite as their top concern, well ahead of other leading issues such as the deficit, guns, or health care. the white house has certainly gotten the message on jobs and isn't waiting until tomorrow night to start getting its message out before the inevitable republican attacks start raining down. take a listen. >> you will hear in the president's state of the union an outline from him for his plan to create jobs and grow the middle class. the middle class is the...
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Feb 4, 2013
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when it comes to tackling the nation's deficit, president obama said sunday in an interview with cbs news there needs to be revenue involved. and it sounds like he might be interested in going after people like mitt romney. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so that it doesn't have a huge impact. and as i said, when you look at some of these deductions that certain folks are able to take advantage of, the average person can't take advantage of them. the average person doesn't have access to cayman island accounts. the average person doesn't have access to carried interest income where they end up paying a much lower rate on billions of dollars that they've earned. so we just want to make sure that the whole system is fair. >> all right. steve, help me out here. i think the democrats are holding a losing hand if they come back and ask for more taxes. they talk about raising tax rates on anybody. but if we're talking about closing loopholes, carried interest, sort o
when it comes to tackling the nation's deficit, president obama said sunday in an interview with cbs news there needs to be revenue involved. and it sounds like he might be interested in going after people like mitt romney. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so that it doesn't have a huge impact. and as i said, when you look at some of these deductions that certain...